Business Line reported that Larsen & Toubro has spruced up its team for a hard drive into cleantech business.
The company has appointed Mr R Srinivasan to head clean & alternative energy and has transferred 2 officials from other departments into the solar, wind, smart grid and security solutions.
Mr Srinivasan has been appointed VP and Head of Clean & Alternative Energy and will report to Mr S Rajavel executive VP & Head Water and Solar.
Mr K Natarajan and Mr R Shankaran have been moved to the cleantech group from the power transmission and distribution division.
According to an internal circular of L&T, the formation of this new team has been done to provide a greater impetus and a significant share of business opportunities in these domains.
Mr Shaji John continues to be head (Solar) and Mr Harshitha Kumar head (Solar Roof tip). Mr Natarajan will head of wind electric initiatives, while Mr R Shankaran will head security solutions initiatives.
L&T is the largest engineering procurement and construction player in the solar sector with orders for 220 MW on hand.
In May, L&T said that it had orders worth INR 2,650 crore from water and solar business.
However, after the second round of project awards under the National Solar Mission, where 340 MW worth of orders were given out, L&T was able to secure only 20 MW of EPC jobs from the project winners.
